General:

Trading in CME Globex metals and natural gas futures and options markets were halted today due to technical issues impacting traders across the globe. CME Group later opened its Globex natural gas futures and options markets at 12:50 Central Time.

Metals futures reopened soon after. The exchange operator stated its support team were investigating the matter and pointed to a cooling issue at one of its data centers.

CME later said all day orders and good-till-date (GTD) orders for today would be canceled, while good-till-canceled (GTC) orders that had already been acknowledged would remain working.

More General:

Heads up: this Friday, Feb. 27 is First Notice Day for several major March futures contracts. All long positions in these, if held through First Notice Day are contractually committing to take delivery of the underlying physical commodity. Notable among them:

→ 50,000 bushels of corn, soybeans, wheat, oats (about five semi-truck trailers full)

→ 1,000 or 5,000 ounces of silver

→ 25,000 pounds of copper (equal in wieght to two grown elephants)

→ A 2-, 5-,10-yr. treasury note, or a 30-yr. treasury bond with a face value of $100,000 at maturity.

Avoid taking delivery by liquidating long positions tomorrow. Do not risk holding any long positions overnight into Friday and risk your account receiving a delivery notice. It is a complex and costly procedure to cancel this process, called a retender.

Contact your Cannon Trading Co. broker if you have any questions regarding this or any future First Notice Day, or other important dates on the futures calendar.

Metals:

Which metals futures contracts settle with long positions obligated to receiving the actual physical commodity or short positions obligated to delivering it? Alternatively, which ones settle “in cash,” with a calculated financial settlement price offsetting both long and short positions on the final settlement date?

Below are the settlement conditions for a selection of major metals futures contracts:

Introducing Cannon Edge — Your Daily Futures Snapshot

Cannon Edge is our new daily feature designed to give traders a fast, actionable overview of key futures markets. Each post delivers:

• Current price and daily % change

• 30‑day and 52‑week highs/lows

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• Coverage across equity indices, metals, energies, currencies, and ags

Whether you’re scanning for breakout setups, trend reversals, or just staying informed — Cannon Edge puts the data in your hands before the open.

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Weekly Brazilian Real

The Weekly Brazilian Real has resumed its rally into new highs. If the move can be sustained, the second upside PriceCount projects a possible run to the  .20440 area. Strength in the Real futures reduces profitability to the Brazilian producer and tends to subdue farmer selling.

FREE TRIAL AVAILABLE

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for February 26th, 2026

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Economic Reports

provided by: ForexFactory.com

All times are Central Time ( Chicago)

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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